Structured products

The default way to configure Structured Products in BFS is to have them traded in nominal values and quoted in percentage values. For example, if a Struct has a minimum lot size of 100,000 USD and the price is 98% the purchase price for 100,000 nominal amount will be 98,000.

Structured products are defined here: http://www.investopedia.com/articles/optioninvestor/07/structured_products.asp

To configure this instrument do the following.

 

Property

Description

Type

The instrument type

Name

The name of the instrument

ISIN

The ISIN-code of the instrument

Status

The status determines what user type the instrument should be available to

Visible Status

The status determines what user type the instrument should be visible to

Currency

The currency that the instrument is based in

Tax Country

The country where the instrument is based according to tax reasons

Primary Market

Where the instrument is traded

Issuer

The legal entity that has issued the instrument.

Organizer

The legal entity that has organized the offering

Promote

Promote up to three instruments on the customer front.

Promote type

Promote to Sell, Buy or Sell/Buy

Property

Description

Price Decimals

The number of decimals to use when showing the price of the instrument

Display Percentage Price

If checked the price will be displayed as a percentage value, in the database the value of 98% will be stored as 0.98 but shown as 98%

Price %

The price of the instrument

Price Date

The date when the price was set

Multiplier

The value multiplier of the instrument. Using the struct example above the instrument could be configured with a value multiplier of 100,000 and then the user could enter a lot of 1 as the quantity and that would mean that they are trading one struct contract with a face value of 100,000. Best practice is to set the value multiplier to 1 and have the user enter 100,000 as the quantity of units to trade. This is called trading in nominal amounts.

The minimum lot size should then be defined on the trade route (Execution Interface) that we configure for the instrument.

Decimals

This is a legacy property that should be left blank

Quantity Decimals

This is the number of decimals that should be used for the units. The struct should have 0 decimals for the quantity since we cannot trade 0.5 structs. Funds on the other hand could have 0.00001 for example since fund units are commonly traded in fractions of whole units.

Fee Group

See Fee Management

Fees (tidigare version)

Only FYI, no functionality.

Fee Category

Which fee category the instrument should belong to.

Buy Commission

The percentage commission charged on buy orders

Sell Commission

The percentage commission charged on sell orders

Early Sell Fee

The percentage fee charged on orders that are being executed within the lock in period.

Product Compensation

The percentage of kickback that should be given to the associated re-seller on the orders of the struct

 

Property

Description

First Trade

The first date on which the instrument should be available for trading

Last Trade

The last date on which the instrument should be available for trading

Last Subscription Date

The last date on which you can subscribe to the instrument

Expiration

The date on which the instrument will expire

Datasheet URL

A link to an instrument description

Associated Costs, URL

Add a link

Target Market, URL

Add a link

External Reference

A reference that could be used to link the instrument to an external system or some other reference

Lock In Period

The period that a legal entity should be locked in before being able to sell after having purchased the struct

Account Type Limitation

Determines if the instrument should be limited to certain account types.

Property

Description

Categorization

Instrument Categorization

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